Hammond Manufacturing Company Limited Announces Financial Results for the First Quarter Ended March 29, 2013
May 03 2013 - 3:42PM
Marketwired Canada
Hammond Manufacturing Company Limited (TSX:HMM.A) -
Three months ending:
3/29/13 3/30/12
Net Sales $ 23,718,000 $ 23,714,000
Income from operating activities((i)) 1,051,000 803,000
Net Income for Period 536,000 520,000
Earnings per share
Basic $ 0.05 $ 0.05
Diluted $ 0.05 $ 0.05
(i) Earnings from operations is before interest, foreign exchange, equity
interest, other income and taxes
NOTE: The interim financial results have not been reviewed by an auditor
To all employees and shareholders:
Sales were flat compared to the first quarter of 2012. Gross margin improvements
were offset by foreign exchange headwinds.
Hammond Manufacturing Company Limited manufactures a broad range of products for
the electronic and electrical products industry, including metallic and
non-metallic enclosures, racks, small cases, outlet strips, surge suppressors
and electronic transformers.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hammond Manufacturing Company Limited
Robert F. Hammond
Chairman and CEO
(519) 822-2960
(519) 822-7289 (FAX)
ir@hammfg.com
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